Vamshi Rubber Board Approves Sale of Undertaking

Vamshi Rubber Limited's Board of Directors has approved a proposal for the substantial sale of the company's entire undertaking. This decision stems from the continued decline and lack of growth opportunities in the retreading business due to industry shifts. The company will appoint professional agencies to assess business operations, determine fair value, and explore strategic alternatives. A postal ballot notice will be issued for shareholder approval of the sale. The approvals are in-principle, pending further board and shareholder consent.